Indiegogo plans to use much of the investment to expand internationally. The platform is already available in several languages and currencies and receives about 30% of its campaigns and backers come from international users.

“We’ll continue working to build out our infrastructure into more localized global regions and improve our payment options over the coming months and years to ensure our customers across the globe enjoy as customized of an experience as possible,” said co-founder and Chief Customer Officer Danae Ringelmann.

To expand its platform globally, Indiegogo needs to expand its team, too. The $40 million will also go toward new key hires.

“We’ll further empower and expand our 85-person team by recruiting fearless and collaborative people to join us in achieving our mission to level the funding playing field and ensure all ideas have the opportunity to come to life across the world,” said Ringelmann. “We’ll also continue to pioneer and accelerate crowdfunding through product and customer experience innovation.”

Ringelmann ensures that this large round of funding will not fundamentally change Indiegogo’s direction, but simply feed their mission to democratize fundraising, no matter where you live.

“Since we launched Indiegogo six years ago, we’ve been committed to democratizing the way people fund what matters to them and gain access to capital worldwide. Our vision remains the same and nothing will change this for us at Indiegogo.”

To hear more about Ringelmann’s challenges and triumphs as Indiegogo co-founder, hear her speak at our upcoming conference!

Betsy Mikel is a freelance copywriter and content strategist who helps brands, businesses and entrepreneurs tell their stories. A journalist at heart, her curiosity drives her to find something new to learn every single day. Follow her on Twitter at @betsym.